JMO don't over think it. Its pretty simple and straight forward.
The next company update will explain everything. I think it still has tons of time to get in on that one.
The company will come out and spell it all out, we are all just guessing the details. They will post a future date to be the date of of ownership. You will have to hold your shares till EOD of that date. That date could be anytime. Nov 3rd, Nov 4th, Dec 15th anything. Since the shares will be restricted for trading it will mean nothing when you get em, The important thing is to not sell your shares till the next day of the record date.
A few will sell on that record date and get hosed, Seen a few times.
September 20, 2010
COLORADO SPRINGS, CO--(Marketwire - September 20, 2010) - Cannabis Science Inc. (OTCBB: CBIS) ("Cannabis Science, CBIS, or Company"), a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to announce that its Board of Directors have begun investigating the corporate and legal requirements required to issue dividends to shareholders to create a new class of common shares. The company is in advanced negotiations with several groups pursuing funding opportunities for up to $5 million between $1.00 and $3.00 per new share. The proceeds will be used to fund FDA clinical trials, acquisitions, and further product research and development.
Once this gets an FDA approval, then it will be another VRMLQ with a marketing partnership with a Norvartis, or Merk type.
If the FDA kicks the proposed drug out month after month with stalls and denials, CBIS, Legal weed, SFIO JV is protected from all that expense.
